Funding arb · Price arb /

UNI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.029%

Price spread now: Orderly against gTrade (Gains Network)−0.027%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Orderly is 0.027% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.027% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 23 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) UNI/USD	9.0505	L +0.0004% / S −0.0004%	pay 0.0001% / 1h	57m 07s	$37K	—	150x
Short	Orderly PERP_UNI_USDC	9.0480	0.0100	get 0.0100% / 8h	3h 57m	$16K	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against gTrade (Gains Network). Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee gTrade (Gains Network)bpFee OrderlybpOrdersPrice spread, now −0.027%Rate

Funding earned: $20.14
Price spread: −0.027% → 0.000%: −$2.72
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: $1.42
Costs to cover: 0.160%
Break-even: 6.5 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Orderly: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

gTrade (Gains Network) and Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

UNI on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) UNI/USDlong	L +0.0004% / S −0.0004%	1h	9.0505	long leg	$37K	—	150x
Injective UNI/USDC PERP	+0.0033%	1h	8.8300	−2.436%	$660	$154K	12x	as long as short
Deribit UNI_USDC-PERPETUAL	+0.0067%	1h	9.0525	+0.022%	$580K	$208K	50x	as long as short
01 Exchange UNIUSD	+0.0080%	1h	9.0506	+0.002%	$452	$5	10x	as long as short
Nado UNI-PERP	+0.0100%	1h	9.0495	−0.011%	$969K	$4.4M	10x	as long as short
Hyperliquid UNI	+0.0100%	1h	9.0536	+0.035%	$98.0M	$62.5M	10x	as long as short
Aster UNIUSDT	+0.0100%	8h	9.0525	+0.023%	$814K	$3.5M	50x	as long as short
Pacifica UNI	+0.0100%	1h	9.0546	+0.046%	$293K	$602K	10x	as long as short
Binance UNIUSDT	+0.0100%	8h	9.0440	−0.071%	$222.2M	$640.3M	75x	as long as short
Bybit UNIUSDT	+0.0100%	8h	9.0410	−0.105%	$101.7M	$111.5M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX UNI-USDT-SWAP	+0.0100%	8h	9.0420	−0.093%	$55.1M	$261.5M	50x	as long as short
Arcus UNI-USD	+0.0100%	1h	9.0620	+0.128%	$316K	$653K	10x	as long as short
Gate UNI_USDT	+0.0100%	8h	9.0450	−0.060%	$23.6M	$63.2M	75x	as long as short
MEXC UNI_USDT	+0.0100%	8h	9.0460	−0.049%	$47.7M	$25.4M	200x	as long as short
KuCoin UNIUSDTM	+0.0100%	8h	9.0470	−0.038%	$13.5M	$13.2M	75x	as long as short
Bitget UNIUSDT	+0.0100%	8h	9.0380	−0.138%	$33.3M	$45.1M	75x	as long as short
BingX UNI-USDT	+0.0100%	8h	9.0420	−0.093%	—	$56.5M	—	as long as short
Backpack UNI_USDC_PERP	+0.0100%	1h	9.0492	−0.014%	$1.0M	$2.3M	10x	as long as short
Variational Omni UNI	+0.0100%	8h	9.0909	+0.447%	$4.3M	$4.1M	—	as long as short
edgeX UNIUSDC	+0.0100%	4h	9.0917	+0.456%	$171K	$343K	20x	as long as short
GRVT UNI_USDT_Perp	+0.0100%	8h	9.0816	+0.344%	$643K	$2.8M	10x	as long as short
ApeX Omni UNIUSDT	+0.0100%	1h	9.1040	+0.592%	$96K	$701K	50x	as long as short
StandX UNI-USD	+0.0100%	1h	9.0670	+0.183%	$16K	$3.4M	20x	as long as short
Polymarket Perps UNI-USD	+0.0100%	1h	9.0496	−0.010%	$86K	$430K	10x	as long as short
Orderly PERP_UNI_USDCshort	+0.0100%	8h	9.0480	−0.027%	$16K	$1.5M	10x
SunX UNI-USDT	+0.0100%	8h	9.0559	+0.060%	$37K	$1.3M	30x	as long as short
SoDEX UNI-USD	+0.0100%	1h	9.0460	−0.049%	$22K	$793K	10x	as long as short
HTX UNI-USDT	+0.0100%	8h	9.0584	+0.088%	$728K	$4.7M	75x	as long as short
Phemex UNIUSDT	+0.0100%	8h	9.0470	−0.038%	$27.4M	$4.4M	50x	as long as short
Paradex UNI-USD-PERP	+0.0100%	8h	9.0489	−0.018%	$26K	—	20x	as long as short
Extended UNI-USD	+0.0104%	1h	9.0430	−0.083%	$293K	$1.6M	25x	as long as short
Aevo UNI-PERP	+0.0104%	1h	9.0487	−0.020%	$32K	—	3x	as long as short
Lighter UNI	+0.0136%	1h	9.0574	+0.077%	$4.6M	$5.8M	15x	as long as short
Coinbase International UNI-PERP-INTX	+0.0216%	1h	9.0740	+0.260%	$950K	$5.9M	50x	as long as short
BloFin UNI-USDT	+0.0220%	8h	9.0520	+0.017%	$10.2M	$3.6M	75x	as long as short
Kraken Futures PF_UNIUSD	+0.0269%	1h	9.0528	+0.026%	$5.0M	$8.0M	50x	as long as short
dYdX UNI-USD	+0.0291%	1h	9.0522	+0.020%	$238K	$30K	10x	as long as short
Reya UNIRUSDPERP	+0.0373%	1h	9.0462	−0.047%	$17K	—	20x	as long as short
GMX UNI/USD [UNI-USDC]	L +0.0381% / S −0.0244%	1h	9.0501	−0.004%	$644K	—	120x	as long as short
Aftermath Perps UNIUSD	+0.0890%	1h	9.0740	+0.260%	$922	$46K	10x	as long as short